Condo prices fall year-over-year in New York. In San Francisco, SoCal, & Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices continue to deteriorate. D…
Redfin reported last week that house prices were down 0.1% y/y in March, the ‘first such decline since 2012’. BUT, that sounds better than it really is… Redfin has been reporting shrinking HPA for about a year now (See Item 1). Last month it finally “turned negative”, an important distinction. Redfin’s “first decline since 2012”
For many Americans, their nest egg is their house. But real estate isn’t a great investment if you’re saving for retirement. Neither are annuities or reverse mortgages.
Hugo says exporting nations no longer regard the dollar as desirable, and that this marks the end of an era. Here's what it means for the dollar & gold...
President Trump launched a new broadside against the Federal Reserve’s monetary policy on Tuesday, calling for an interest rate cut that would send U.S. growth “up like a rocket.”
The president compares the Fed unfavorably to China’s central bank, and says more stimulus would see the U.S. economy “go up like a rocket.”
But persistent debt increases during an economic expansion leaves fiscal policy with very little power to fight a recession. Even the Federal Reserve’s ability to lower interest rates will fight against risk premiums generated by more debt.
A first: 3 years of deteriorating budget deficits without recession
Democratic congressional leaders said President Trump agreed to aim for a $2 trillion infrastructure package in a White House meeting, though it remains unclear how they will seek to pay for it.
Occam’s Razor: The simplest explanation is often the best explanation. In this case: The Fed panicked in December and by caving to markets reignited the bubble in a major way and now they are…
Every time the Social Security trustees issue their annual report, some people notice that the system’s huge unfunded liabilities (currently, a $42.1 trillion cumulative shortfall) are inherently unfair to future Americans.
Fed Considering Allowing Banks To Repo Treasuries For Reserves To Reduce Regulatory Burden.
About 108,000 millionaires migrated across borders last year, a 14 percent increase from the prior year, and more than double the level in 2013.
Big companies drove the 2017 Tax and Jobs Act, but did not commit to any specific wage hikes, the Center for Public Integrity found
US-China trade deal won’t solve that, strategist says.
Working hard and doing what you're told is no longer yielding the promised American Dream of security, agency and liberty.
Financial literacy is critically important, and will become more so as social programs such as Social Security and Medicaid become stressed.
Labor Market Sentiment Approaches Record High. And approaching levels last seen just before the dot com bubble burst.
Harvey says we may see a little weakness in gold & silver, but after Tuesday morning it will be clear sailing. Here's why...
Gold futures advance Tuesday, trying for what would be the fourth positive day in the past five sessions, as the dollar eased and a degree of uncertainty...